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Lucido Products markets two computer games: Claimjumper and Makeover. A contribution format income statement for a recent month for the two games appears below:
Lucido Products markets two computer games: Claimjumper and Makeover. A contribution format income statement for a recent month for the two games appears below: Sales Variable expenses Contribution margin Fixed expenses Net operating income Required: Claimjumper $ 114,000 42,040 Makeover. $ 57,000 9,260 $ 71,960 $ 47,740 Total $171,000 51,300 119,700 78,540 $ 41,160 1. What is the overall contribution margin (CM) ratio for the company? 2. What is the company's overall break-even point in dollar sales? 3. Prepare a contribution format income statement at the company's break-even point that shows the appropriate levels of sales for the two products. Complete this question by entering your answers in the tabs below. Required 11 Required 2 Required 3 What is the overall contribution margin (CM) ratio for the company? Overall CM ratio % Requited Required 2 >
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